Coburn Campaign Fined $33,170 By FEC
From The Tulsa World: WASHINGTON ~ The Federal Election Commission has fined U.S. Sen. Tom Coburn's 2004 campaign $33,170 after an audit found a number of reporting errors, a Coburn aide confirmed Thursday.
Jerry Morris said the Oklahoma Republican made a $30,000 personal loan to his campaign to help pay the fine. Morris said Coburn took full responsibility for the reporting mistakes.
Details of the transaction came to light in the campaign's latest report to the FEC, but that report was not available to the public until Thursday. Dates included in the FEC report indicate that Coburn made the loan March 13, and his campaign paid the FEC penalty on that same day. In its audit, which was released in January, the FEC found that Coburn's campaign had accepted contributions that exceeded the legal limit, did not provide information on contributors as required by law, and failed to file proper paperwork on last-minute donations totaling $349,100. Although refunds on the contributions that exceeded the legal limit had been made, the audit found that they had not been made within the time required by law.
"The FEC reporting errors and problems in 2004 were not intentional, nor were they the fault of the current campaign treasurer, Wade Stubbs," Morris said, adding that mistakes had been identified by the campaign even before the audit occurred.
Jerry Morris said the Oklahoma Republican made a $30,000 personal loan to his campaign to help pay the fine. Morris said Coburn took full responsibility for the reporting mistakes.
Details of the transaction came to light in the campaign's latest report to the FEC, but that report was not available to the public until Thursday. Dates included in the FEC report indicate that Coburn made the loan March 13, and his campaign paid the FEC penalty on that same day. In its audit, which was released in January, the FEC found that Coburn's campaign had accepted contributions that exceeded the legal limit, did not provide information on contributors as required by law, and failed to file proper paperwork on last-minute donations totaling $349,100. Although refunds on the contributions that exceeded the legal limit had been made, the audit found that they had not been made within the time required by law.
"The FEC reporting errors and problems in 2004 were not intentional, nor were they the fault of the current campaign treasurer, Wade Stubbs," Morris said, adding that mistakes had been identified by the campaign even before the audit occurred.
Labels: Federal Election Commission, Tom Coburn
posted by Mike McCarville @ 9:11 AM
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